The Factor Scores for the Ith Factor May Be Estimated

question 65

Multiple Choice

The factor scores for the ith factor may be estimated as follows: ________.

• A)F_i = W_i1 X₁ + W_i2 X₂ + W_i3 X₃ + ...+ W_ik X_k
• B)F_i = W_i1 X₁ + W_i2 X₂ + W_i3 Y₃ + ...+ W_ik Y_k
• C)X_i = W_i1 F₁ + W_i2 F₂ + W_i3 F₃ + ...+ W_im F_m
• D)X_i = A_i1 F₁ + A_i2 F₂ + A_i3 F₃ + ...+ A_im F_m

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Definitions:

Short-Run

In economics, a period during which at least one factor of production is fixed and cannot be changed, influencing cost and production decisions.

Machines

Devices or systems designed to perform tasks or processes automatically or with minimal human intervention.

Total Cost

The complete cost of production, including both fixed and variable costs, for producing a specified number of goods or services.

Price L

A symbolic representation often used in economic models to denote the price of a particular good or service, labeled "L".